Online seminars, webinars and business events

HMDA: A Summary of New Final Rules

This Webinar is over

Date

Jul 12, 2017

Time

01:00 PM

Cost

$199.00

Online

OverviewUnder the leadership of the Consumer Financial Protection Bureau the rules change significantly in 2017, 2018, and for large institutions again in 2020. There will be changes reducing the number of financial institutions must report, the types of loans subject to reporting, the data which will have to be reported, and the methods and IT reporting requirements.Why Should You AttendEveryone in the value chain of making mortgage decisions and fulfilling HMDA reporting requirements will need to be working in compliance with the new rules. If data isn’t captured early enough, from the right transactions, and completely enough, costs of reporting may become higher than necessary and potentially, penalties may be incurred.Areas Covered in this WebinarA brief introduction to HDMA, from the viewpoint of a former regulator.Key dates for HMDA changesTransactions which must be included in reportsData which will be reportableProcesses for submission Information gathering and reportingReferences to other materialsLearning ObjectivesLearn if your organization meets the new requirements for reporting, fewer will have to report in the futureLearn the changes made in the types of loans which will be covered by reportingKnow what changes in processes and IT will be required on what datesKnow where to find authoritative detail.Who Will BenefitLoan Operations, Loan Officers, Loan Assistants and Processors, Compliance Officers, Fair Lending Officers, and Auditors. Anyone working in HMDA Reporting at a bank or mortgage company or mortgage servicer.For more detail please click on this below link:http://bit.ly/2mDkqBA